House Speaker Martin Romualdez on Wednesday lauded the Pag-IBIG Fund’s early bird promo granting a 10-year, three-percent subsidized interest rate to the first 30,000 borrowers under the Pambansang Pabahay Para sa Pilipino (4PH) program.
He described the initiative as a welcome relief for first-time homebuyers and a vital step in helping them achieve their dream of homeownership.
Romualdez also commended the Pag-IBIG Fund for its efforts to make socialized housing more accessible to low-income households, urging the state-run institution to continue innovating in fulfilling its mandate.
“This initiative is further proof of President Ferdinand ‘Bongbong’ R. Marcos Jr.’s commitment to addressing the country’s housing backlog while fulfilling a basic yet often costly need of our countrymen—a decent roof over their heads,” said the re-elected Leyte first district lawmaker.
“This is what true and genuine public service is all about—assuring Filipinos that we are their partners in addressing their basic needs and in achieving their dreams for their families,” he added.
The promo targets low-income and minimum-wage earners who are first-time homebuyers. With the subsidized interest rate, a socialized housing unit priced at P850,000—which typically requires a monthly amortization of P5,400 to P5,500—will now cost only around P3,600 to P3,700.
Applicants in Metro Manila must have a monthly income of no more than P47,800, while those outside the capital region must earn no more than P34,800 per month. Overseas Filipino Workers are also eligible for the special promo regardless of income.
Romualdez pointed out that the subsidized interest rate translates into significant savings for low-income families struggling to balance their household expenses with housing costs.
